Formula One's first Grand Prix to be held on the streets of Hudson County next June will apparently be postponed until the following year, according to an NJ.com story that cites Weehawken Mayor Richard Turner.

The race was supposed to be run next summer on the streets of West New York and Weehawken.

An unnamed local official in the article said that the race organizers are behind regarding permits and road repairs.

A few weeks ago, sources said the race would not be run on time, but others disputed those rumors.

Friday morning, the Associated Press quoted Formula One's Bernie Ecclestone saying that the race will not run next year.